Tevis Investment Management Buys Shares of 42,008 Verizon Communications Inc. $VZ

Tevis Investment Management bought a new stake in Verizon Communications Inc. (NYSE:VZ) during the 1st quarter, Holdings Channel reports. The fund bought 42,008 shares of the cell phone carrier’s stock, valued at approximately $2,109,000. Verizon Communications accounts for about 1.2% of Tevis Investment Management’s investment portfolio, making the stock its 26th largest holding.

Several other institutional investors also recently modified their holdings of the business. Brighton Jones LLC grew its stake in shares of Verizon Communications by 61.2% during the fourth quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier’s stock worth $1,759,000 after purchasing an additional 16,704 shares during the period. United Bank lifted its stake in Verizon Communications by 11.5% in the second quarter. United Bank now owns 7,843 shares of the cell phone carrier’s stock valued at $339,000 after buying an additional 806 shares during the period. Jump Financial LLC lifted its stake in Verizon Communications by 312.0% in the second quarter. Jump Financial LLC now owns 23,639 shares of the cell phone carrier’s stock valued at $1,023,000 after buying an additional 17,901 shares during the period. HUB Investment Partners LLC boosted its holdings in Verizon Communications by 17.2% during the second quarter. HUB Investment Partners LLC now owns 41,121 shares of the cell phone carrier’s stock worth $1,779,000 after buying an additional 6,034 shares during the last quarter. Finally, Vivaldi Capital Management LP boosted its holdings in Verizon Communications by 5.2% during the second quarter. Vivaldi Capital Management LP now owns 8,993 shares of the cell phone carrier’s stock worth $389,000 after buying an additional 443 shares during the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.

More Verizon Communications News

Here are the key news stories impacting Verizon Communications this week:

• Positive Sentiment: Verizon is being highlighted as a potentially attractive dividend stock, with Barron’s saying now may be a good time to buy income-oriented names like VZ as yields look more compelling. Why Verizon, Clorox and More Dividend Stocks Are Flashing a Buy Signal
• Positive Sentiment: Verizon won a new automotive connectivity contract through its KDDI partnership, becoming the U.S. connectivity provider for newly manufactured BMW Group vehicles, which could support growth in its enterprise and IoT business. Verizon named U.S. connectivity provider for newly manufactured BMW Group vehicles through KDDI partnership
• Positive Sentiment: Analysts also flagged Verizon as a telecom name worth owning, noting its fiber and wireless expansion strategy and suggesting it may have a good setup for its next earnings report. T or VZ: Which Telecom Stock Deserves a Place in Your Portfolio?
• Positive Sentiment: Another recent report said Verizon has a strong earnings surprise history and could beat estimates again, which tends to support investor confidence ahead of results. Will Verizon (VZ) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Goldman Sachs won asset-management mandates tied to Verizon’s retirement assets, but this is mainly a financial-services arrangement rather than an operational development for Verizon. Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin
• Neutral Sentiment: Some broader commentary on enterprise internet reliability and telecom competition, including Starlink-related pressure, may add noise to the sector outlook, but it is not a direct negative catalyst for Verizon itself. Verizon (NYSE:VZ) Dow Exit Deepens Starlink Market Pressure

Analyst Upgrades and Downgrades

VZ has been the topic of several recent analyst reports. Wells Fargo & Company began coverage on shares of Verizon Communications in a research note on Wednesday, July 8th. They set an “equal weight” rating and a $43.00 price objective on the stock. Morgan Stanley upped their target price on shares of Verizon Communications from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Verizon Communications in a report on Friday, May 29th. Freedom Capital raised shares of Verizon Communications to a “hold” rating in a research report on Friday, June 12th. Finally, Dbs Bank lowered shares of Verizon Communications from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Nine investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.28.

Verizon Communications Price Performance

NYSE VZ opened at $42.14 on Monday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64. The stock has a market cap of $175.95 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 1.03 and a beta of 0.26. The business has a 50 day simple moving average of $46.10 and a 200 day simple moving average of $46.01. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week high of $51.68.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. The firm had revenue of $34.44 billion for the quarter, compared to analyst estimates of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Analysts anticipate that Verizon Communications Inc. will post 4.98 earnings per share for the current fiscal year.

Verizon Communications Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be paid a $0.7075 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.83 dividend on an annualized basis and a yield of 6.7%. Verizon Communications’s dividend payout ratio is presently 69.02%.

About Verizon Communications

Verizon Communications Inc (NYSE: VZ) is a major U.S.-based telecommunications company that provides a broad range of communications and information services. Its operations span consumer and business markets, with core offerings that include wireless voice and data services, fixed-line broadband and fiber-optic services, and enterprise networking solutions. Verizon is headquartered in New York City and operates a nationwide wireless network that supports consumer subscribers as well as business and government customers.

The company’s consumer products include mobile phone plans, unlimited data services, and Fios, its branded fiber-optic internet, television and voice service for homes and small businesses.